New Delhi: The country's largest carmaker Maruti Suzuki on Friday reported 4.99 per cent fall in total sales at 98,884 units for May. The company had sold 1,04,073 units in the same month last year, Maruti Suzuki India said in a statement. In May, MSI recorded domestic sales at 89,478 units, compared to 93,519 units in the year-ago period, registering a fall of 4.32 per cent. Similarly, MSI's exports went...
12:21 PM, Jun 01, 2012
New Delhi: The country's largest carmaker Maruti Suzuki India on Monday reported highest ever monthly sales in March at 1,25,952 units, 3.28 per cent jump from 1,21,952 units in the same month last year. For the entire 2011-12 financial year however, the company's sales declined by 10.80 per cent to 11,33,695 units from 12,71,005 units in 2010-11, Maruti Suzuki India (MSI) said in a statement. In March 2012, the Delhi-based...
11:34 AM, Apr 02, 2012
New Delhi: The country's largest carmaker Maruti Suzuki India (MSI) has increased the prices of its vehicles by up to Rs 17,000 following the hike in excise duty in the Budget. The increase in prices will affect the company's models ranging from small car M800 to mid-sized sedan SX4. "There has been an average increase in prices of our vehicles by 1.75 per cent after the Budget," MSI Managing Executive...
01:36 PM, Mar 25, 2012
New Delhi: The country's largest car-maker Maruti Suzuki India witnessed its sales drop for the sixth consecutive month in November, with the firm on Thursday reporting a 18.46 per cent decline in sales to 91,772 units. The company had sold 1,12,554 units in the same month last year, Maruti Suzuki India (MSI) said in a statement. The national capital-based company recorded sales of 82,870 units in the domestic market last...
10:57 AM, Dec 01, 2011
New Delhi: Maruti Suzuki India broke months of strike by workers at the Manesar plant on Friday. The strike leader has left the company after taking Rs 40 lakh in settlement. Thirty union leaders left the company with the strike leader. The Manesar plant was rolling about 1,200 cars every day before the first strike hit in June. The unit produces Maruti Suzuki's Swift, A-Star and SX4 models. The 14-day-long...
11:07 AM, Nov 04, 2011
Chandigarh: Rejecting claims by the Opposition that Maruti is running away from Haryana to Gujarat, the Haryana government on Tuesday clarified that the company proposed to invest Rs 3,700 crore in the state in the next two years. "Maruti will be investing Rs 2,000 crore in a plant that is plant C in Manesar ... besides, the company proposed to invest Rs 1,700 crore in an international Research and Development...
07:45 PM, Nov 01, 2011
New Delhi: The country's largest car-maker Maruti Suzuki India on Tuesday reported a 53.25 per cent fall in sales in October to 55,595 units due to labour unrest at its Manesar plant, which severely affected production. The company had sold 1,18,908 units in the same month last year, Maruti Suzuki India (MSI) said in a statement. "The labour unrest at company's Manesar plant during October, 2011, adversely impacted the production...
11:27 AM, Nov 01, 2011
New Delhi: Hit by repeated incidents of labour unrest, Maruti Suzuki India expects car production at its Manesar plant to reach normal levels only by the end of December this year. Speaking to analysts on Monday, a Maruti Suzuki India (MSI) spokesperson said the company was ramping up output at the Manesar unit following a tripartite agreement between the management, workers and Haryana government to end a 14-day strike on...
02:06 PM, Oct 31, 2011
Mumbai: Shares of Maruti Suzuki tanked by over 6 per cent in morning trade on the bourses on Monday after the leading car-maker reported a nearly 60 per cent fall in September quarter net profit. On Saturday, Maruti Suzuki posted a 59.81 per cent fall in net profit to Rs 240.44 crore for the September quarter, which was mainly due to production cuts at its Manesar plant because of labour...
11:16 AM, Oct 31, 2011
Ahmedabad: Gujarat Chief Minister Narendra Modi on Sunday welcomed Maruti Suzuki's decision to set up a plant in the state, saying that it would accelerate the growth of the state's automobile sector. "I welcome Maruti Suzuki's decision to come to Gujarat. Gujarat is moving ahead fast as Asia's auto hub. With Maruti, the pace will accelerate," Modi said on twitter. "It's Gujarat's new year and this is Maruti's gift to...
05:02 PM, Oct 29, 2011
New Delhi: The country's largest car-maker Maruti Suzuki India on Saturday reported 59.81 per cent fall in net profit at Rs 240.44 crore for the quarter ended September 30, mainly due to production loss at Manesar because of labour unrest. The company's board, meanwhile, has approved to purchase land in Gujarat to set up manufacturing facilities. The company had posted a net profit of Rs 598.24 crore in the same...
02:57 PM, Oct 29, 2011
New Delhi: After a series stand-offs between the management and employees, sources say that Maruti Suzuki India may be shifting base out of Gurgaon. Sources have confirmed to CNN-IBN that India's largest automaker is looking at Gujarat as their new location citing the recent spate of strikes in their Gurgaon plant as the reason. They said that the Maruti Suzuki Board is meeting on October 29 to take a decision...
03:21 PM, Oct 19, 2011
New Delhi: Maruti Suzuki India on Tuesday admitted that the company needs to learn how to deal with a young workforce as it grapples with frequent labour issues at its Manesar plant. The company, which has witnessed three prolonged labour issues at the plant this year, including the ongoing strike, also blamed inexperienced workers for the trouble, saying they need to "have some respect for law". "When you look at...
03:24 PM, Oct 18, 2011
New Delhi: The strike at Maruti Suzuki India's (MSI) Manesar plant entered its 11th day on Monday, with workers protesting outside the factory premises, but the company said it has resumed partial production at the plant. The company also said production at its main plant at Gurgaon has been resumed after a two-day closure last week due to component supply constraints from Suzuki Powertrain India Ptd (SPIL). In the meantime,...
11:06 AM, Oct 17, 2011
Manesar: The workers on strike at Suzuki Powertrain India Ptd (SPIL) and Suzuki Motorcycle India Pvt Ltd (SMIPL) vacated factory premises on Saturday morning, following an order from the Haryana government. The workers at the two companies have been on strike since October 7 in support of their colleagues who have struck work at Maruti Suzuki India's (MSI) Manesar plant. "We have decided to vacate the plant as per the...
12:33 PM, Oct 15, 2011
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